Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Finland
Growth rate previous period, Quarterly
FINCP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
49.41%
Date Range
4/1/2010 - 7/1/2023
Summary
The 'Growth rate previous period, Quarterly' tracks the quarter-over-quarter change in personal consumption expenditures, a key measure of consumer spending and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This quarterly economic indicator provides insight into the pace of consumer spending, which comprises over two-thirds of U.S. GDP. It is closely watched by policymakers, analysts, and investors to assess the health and direction of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Changes in consumer spending can influence Federal Reserve policy decisions and market expectations.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The growth rate has averaged 1.6% quarterly over the past decade.
- Negative growth rates can signal an economic slowdown or recession.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' tracks the quarter-over-quarter change in personal consumption expenditures, a key measure of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Changes in consumer spending can have a significant impact on broader economic activity and influence policy decisions, making this indicator highly relevant for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor changes in consumer spending to assess the health of the economy and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of around one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (FINCP110000GPQ), retrieved from FRED.